Anji Foodstuff Co (SHSE:603696) Cash-to-Debt : 1,249.65 (As of Sep. 2024)

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What is Anji Foodstuff Co Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Anji Foodstuff Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 1,249.65.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Anji Foodstuff Co could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Anji Foodstuff Co's Cash-to-Debt or its related term are showing as below:

SHSE:603696' s Cash-to-Debt Range Over the Past 10 Years
Min: 23.61 Med: No Debt Max: No Debt
Current: 1249.65

During the past 13 years, Anji Foodstuff Co's highest Cash to Debt Ratio was No Debt. The lowest was 23.61. And the median was No Debt.

SHSE:603696's Cash-to-Debt is ranked better than
95.26% of 1877 companies
in the Consumer Packaged Goods industry
Industry Median: 0.51 vs SHSE:603696: 1249.65

Anji Foodstuff Co Cash-to-Debt Historical Data

The historical data trend for Anji Foodstuff Co's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Anji Foodstuff Co Cash-to-Debt Chart

Anji Foodstuff Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

124.86

142.18

133.64

234.33

Anji Foodstuff Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															207.92	234.33	426.16	682.88	1,249.65

Competitive Comparison of Anji Foodstuff Co's Cash-to-Debt

For the Packaged Foods subindustry, Anji Foodstuff Co's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Anji Foodstuff Co's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Anji Foodstuff Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Anji Foodstuff Co's Cash-to-Debt falls into.

Anji Foodstuff Co Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Anji Foodstuff Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	255.888	/	(1.092	+	0)
	=	234.33

Anji Foodstuff Co's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	214.94	/	(0.172	+	0)
	=	1,249.65

Anji Foodstuff Co (SHSE:603696) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Anji Foodstuff Co Cash-to-Debt Related Terms

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Anji Foodstuff Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Anji Foodstuff Co Ltd (SHSE:603696) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

4-9A, Qingmeng Science and Technology Industrial Zone, Fujian Province, Quanzhou, CHN, 362006

Website

http://www.anjifood.com

Anji Foodstuff Co Ltd is engaged in the research and development, production and sales of seasoning. The company has five major products namely seasoning powder of mixed flavors, seasoning from natural extracts, herbs and spices, sauce and condensed soup. Its seasoning powder of mixed flavors includes seasoning for spare-rib, concentrated pork stock, beef powder, and other. Its seasonings from natural extracts comprise mushroom extract seasoning, bonito flavor bisque, scallop bisque, and others. The company herbs and spices comprise white pepper powder, five spices powder, and others; sauces include oyster, chili, curry seasoning, spare rib, and other sauces.

Executives

Lin Xiao Fang	Director
Song Xi Shun	Director

Anji Foodstuff Co Headlines

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